Subaru (FRA:FUH) Cyclically Adjusted FCF per Share: €1.51 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:FUH Subaru Corp FRA:FUH
80 GF Score
Price €13.37
GF Value €17.16
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Subaru Cyclically Adjusted FCF per Share?

Subaru FRA:FUH -2.76% 80 Cyclically Adjusted FCF per Share is €1.51 as of Mar. 2026. GuruFocus rates FRA:FUH with a GF Score™ of 80/100 and a GF Value™ of €17.16 (Modestly Undervalued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Subaru's adjusted free cash flow per share for the three months ended in Mar. 2026 was €0.517. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €1.51 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Subaru's average Cyclically Adjusted FCF Growth Rate was -21.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -5.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 0.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Subaru was 7.10% per year. The lowest was -5.70% per year. And the median was 0.60% per year.

As of today (2026-07-20), Subaru's current stock price is €13.365. Subaru's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €1.51. Subaru's Cyclically Adjusted Price-to-FCF of today is 8.85.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Subaru was 16.61. The lowest was 5.85. And the median was 8.29.


Subaru  (FRA:FUH) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Subaru's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=13.365/1.51
=8.85

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Subaru was 16.61. The lowest was 5.85. And the median was 8.29.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Subaru Cyclically Adjusted FCF per Share Related Terms


Subaru Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Subaru's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Subaru Cyclically Adjusted FCF per Share Chart

Subaru Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.15 2.27 2.16 2.19 1.51

Subaru Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.19 2.06 1.93 1.59 1.51

FRA:FUH vs TSLA, GM, F: Cyclically Adjusted FCF per Share Comparison

For the Auto Manufacturers subindustry, Subaru's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Subaru Cyclically Adjusted Price-to-FCF vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Subaru's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Subaru's Cyclically Adjusted Price-to-FCF falls into.


FRA:FUH
80GF Score
Subaru Corp FRA:FUH
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Subaru Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Subaru's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.517/112.7000*112.7000
=0.517

Current CPI (Mar. 2026) = 112.7000.

Subaru Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.672 98.100 0.772
201609 1.545 98.000 1.777
201612 0.192 98.400 0.220
201703 1.393 98.100 1.600
201706 1.476 98.500 1.689
201709 0.660 98.800 0.753
201712 0.457 99.400 0.518
201803 1.114 99.200 1.266
201806 0.052 99.200 0.059
201809 0.023 99.900 0.026
201812 0.255 99.700 0.288
201903 0.440 99.700 0.497
201906 0.949 99.800 1.072
201909 -1.314 100.100 -1.479
201912 -0.028 100.500 -0.031
202003 0.319 100.300 0.358
202006 -1.366 99.900 -1.541
202009 1.108 99.900 1.250
202012 0.695 99.300 0.789
202103 0.511 99.900 0.576
202106 -0.390 99.500 -0.442
202109 0.070 100.100 0.079
202112 -0.189 100.100 -0.213
202203 0.606 101.100 0.676
202206 0.740 101.800 0.819
202209 0.346 103.100 0.378
202212 0.620 104.100 0.671
202303 1.120 104.400 1.209
202306 0.686 105.200 0.735
202309 0.421 106.200 0.447
202312 1.032 106.800 1.089
202403 1.759 107.200 1.849
202406 -0.076 108.200 -0.079
202409 1.040 108.900 1.076
202412 0.266 110.700 0.271
202503 0.690 111.100 0.700
202506 0.532 111.700 0.537
202509 0.640 112.000 0.644
202512 -1.253 113.000 -1.250
202603 0.517 112.700 0.517

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of €1.51 mean?
Subaru (FRA:FUH) has a Cyclically Adjusted FCF per Share of €1.51 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Subaru and its competitors.
Is Subaru's Cyclically Adjusted FCF per Share too high?
Subaru's current Cyclically Adjusted FCF per Share is €1.51. Overall, Subaru has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Subaru's Cyclically Adjusted FCF per Share compare to TSLA and GM?
Subaru's Cyclically Adjusted FCF per Share of €1.51 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Vehicles & Parts company?
A good Cyclically Adjusted FCF per Share depends on the Vehicles & Parts industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Subaru and its competitors. Subaru's current Cyclically Adjusted FCF per Share is €1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Subaru stock overvalued right now?
Based on GuruFocus' analysis, Subaru (FRA:FUH) is currently considered Modestly Undervalued. The stock's GF Value™ is €17.16, compared to a current price of €13.37 — trading 22.1% below its estimated fair value. The current Cyclically Adjusted FCF per Share is €1.51. Subaru's overall GF Score™ is 80/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Subaru (FRA:FUH), the current Cyclically Adjusted FCF per Share is €1.51 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Subaru (FRA:FUH) Overvalued in 2026?

Based on GuruFocus' analysis, Subaru stock appears to be undervalued. The current stock price of €13.37 is trading 22.1% below its estimated GF Value™ of €17.16. GuruFocus considers Subaru to be Modestly Undervalued.

Key valuation signals for FRA:FUH:

  • Cyclically Adjusted FCF per Share: €1.51
  • GF Value™: €17.16 vs. price of €13.37 (22.1% below fair value)
  • GF Score™: 80/100 with 8 warning signs

No single metric tells the full story. See the FRA:FUH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Subaru Business Description

Address 1-20-8 Ebisu, Ebisu Subaru Building, Shibuya-ku, Tokyo, JPN, 150-8554
Subaru Corp is a Japan-based company engaged in the automobile manufacturing business. The company operates through three segments: Automobile Business Unit, Aerospace, and Other Businesses. The Aerospace segment manufactures, sells, and repairs aircraft, space-related equipment, and parts. The Automobile segment manufactures, sells, and repairs automobiles and their parts, while also engaging in joint development of sports cars and electric vehicles with Toyota Motor Corporation, and receiving OEM supply of mini and compact cars from Daihatsu Motor. The Others segment is engaged in real estate leasing. It generates the majority of its revenue from the Automobile segment.
80GF Score

Get the complete analysis for FRA:FUH

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€13.37
Price
€17.16
GF Value